development is must to make the economy strong. Trump is making policies that may affect the international relationship of the country with the external world that has direct impact on the international trade business.
United States has a number of different natives and foreign born. Their spending habit and earning styles are not all the same therefor there is a clear difference in the economics daily of the foreign born and natives of the US. Revenue and spending budget depends on their earning and spending. In accordance to the facts available at internet resources US budget revenue is deficit with the 12%. US Budget Spending in the health is 1062 billion and social security is at least 888 during the last year (Data.worldbank.org, …show more content…
Because of these efforts of government imports are decreased with the percentage of 1.8 during March in the good and services import. While the export of the country was reached to the total 208.5 billion with the increase of 4.2 billion.
Reflection
According to the analysis of the current condition of the US economy I am come to know that overall national economy of the country is stable. While there are some factors that can reduce the stability of the economy. Through the indicators of the economy economist of the country can find out the weak points and gaps in the economy that need changes or new policies.
Current condition of the overall Gross Domestic Product is projecting positive condition of the economy as Gross Domestic Product is getting continuous increase. Gross Domestic Product increase is must to make the economy stable. In case business of the country get decline Gross Domestic Product will goes towards decrease that is not desired for a strong and stable economy. Basically less fluctuation projects better outcomes as it can provide average of the lower and upper trend of …show more content…
Use Monterey and fiscal policy as tools to regulate economy.
3. Increase per capita income
The strongest factor that influence the economy of the country is rate of employment and unemployment in the country. Employment makes the economy stable and strong. In fact employment enable the person to improve his lifestyle by purchasing good and services he/ she need that boost up business in the country. Employment also improve the purchasing power of the people that sometimes results in the increase in consumer expenditure.
Current rate of unemployment in the United States is decreasing by the new policies of the government. While there is still space to reduce more the rate of unemployment. Government efforts are admirable in this way how they are controlling the unemployment in the country.
According to my point of view increase in the population is biggest factor that effects the unemployment rate. In United States population of foreign born is increasing. People are migrating to the United States from other countries of the world. As a result of this it becomes difficult for the government of the country to provide job opportunities to all population and unemployment rate goes towards increase. Government can improve unemployment rate through mentioned below
United States has a number of different natives and foreign born. Their spending habit and earning styles are not all the same therefor there is a clear difference in the economics daily of the foreign born and natives of the US. Revenue and spending budget depends on their earning and spending. In accordance to the facts available at internet resources US budget revenue is deficit with the 12%. US Budget Spending in the health is 1062 billion and social security is at least 888 during the last year (Data.worldbank.org, …show more content…
Because of these efforts of government imports are decreased with the percentage of 1.8 during March in the good and services import. While the export of the country was reached to the total 208.5 billion with the increase of 4.2 billion.
Reflection
According to the analysis of the current condition of the US economy I am come to know that overall national economy of the country is stable. While there are some factors that can reduce the stability of the economy. Through the indicators of the economy economist of the country can find out the weak points and gaps in the economy that need changes or new policies.
Current condition of the overall Gross Domestic Product is projecting positive condition of the economy as Gross Domestic Product is getting continuous increase. Gross Domestic Product increase is must to make the economy stable. In case business of the country get decline Gross Domestic Product will goes towards decrease that is not desired for a strong and stable economy. Basically less fluctuation projects better outcomes as it can provide average of the lower and upper trend of …show more content…
Use Monterey and fiscal policy as tools to regulate economy.
3. Increase per capita income
The strongest factor that influence the economy of the country is rate of employment and unemployment in the country. Employment makes the economy stable and strong. In fact employment enable the person to improve his lifestyle by purchasing good and services he/ she need that boost up business in the country. Employment also improve the purchasing power of the people that sometimes results in the increase in consumer expenditure.
Current rate of unemployment in the United States is decreasing by the new policies of the government. While there is still space to reduce more the rate of unemployment. Government efforts are admirable in this way how they are controlling the unemployment in the country.
According to my point of view increase in the population is biggest factor that effects the unemployment rate. In United States population of foreign born is increasing. People are migrating to the United States from other countries of the world. As a result of this it becomes difficult for the government of the country to provide job opportunities to all population and unemployment rate goes towards increase. Government can improve unemployment rate through mentioned below